In a filing, DigitalOcean Holdings Inc revealed its Chief Product & Tech Officer Saha Bratin unloaded Company’s shares for reported $0.16 million on Jan 21 ’25. In the deal valued at $36.80 per share,4,289 shares were sold. As a result of this transaction, Saha Bratin now holds 372,762 shares worth roughly $15.22 million.
Then, Saha Bratin bought 4,289 shares, generating $157,835 in total proceeds.
Before that, Saha Bratin sold 3,468 shares. DigitalOcean Holdings Inc shares valued at $132,408 were divested by the Chief Product & Tech Officer at a price of $38.18 per share. As a result of the transaction, Saha Bratin now holds 379,795 shares, worth roughly $15.5 million.
Citigroup initiated its DigitalOcean Holdings Inc [DOCN] rating to a Buy in a research note published on January 24, 2025; the price target was $45. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering DOCN and has increased its forecast on January 16, 2025 with a “an Overweight” recommendation from previously “an Equal-weight” rating. UBS started covering the stock on May 22, 2024. It rated DOCN as “a Neutral”.
Price Performance Review of DOCN
On Tuesday, DigitalOcean Holdings Inc [NYSE:DOCN] saw its stock jump 1.44% to $40.82. Over the last five days, the stock has lost -2.74%. DigitalOcean Holdings Inc shares have risen nearly 19.81% since the year began. Nevertheless, the stocks have risen 17.84% over the past one year. While a 52-week high of $44.80 was reached on 01/28/25, a 52-week low of $26.63 was recorded on 01/10/25. SMA at 50 days reached $37.55, while 200 days put it at $36.95.
Levels Of Support And Resistance For DOCN Stock
The 24-hour chart illustrates a support level at 40.36, which if violated will result in even more drops to 39.90. On the upside, there is a resistance level at 41.24. A further resistance level may holdings at 41.67. The Relative Strength Index (RSI) on the 14-day chart is 63.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.43%. Stochastics %K at 79.26% indicates the stock is a holding.
How much short interest is there in DigitalOcean Holdings Inc?
A steep rise in short interest was recorded in DigitalOcean Holdings Inc stocks on 2025-01-15, growing by 0.49 million shares to a total of 6.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.95 million shares. There was a rise of 7.63%, which implies that there is a positive sentiment for the stock.
